I am coming from the Oanda/MoneyTec community. I've found this site while searching the web for information about candlestick trading, and very interested to contribute to this new, and exciting forum. I am a forex trader who trade mainly usd/chf, during US session.

I'd like to place my usd/chf trades in this thread as a way to keep a trading journal. The main purpose of openning this thread is to:

1) Aid me to become a better, and desciplined trader,
2) help others to learn from my errors/gains,
3) help the hyper-forex clients to monitor my trade activities.

Last edited by FrankC on Tue Nov 02, 2004 5:41 pm; edited 12 times in total

Yes, please do, there are many traders interested in the Forex market and how to use candlesticks with the Forex trading. I will be coming out with a video in the near future to describe the high probability set ups for successful trading in the Forex. However, it is behind a long list of other projects. Any contributions in the mean time will be very helpful

Thank you for offering your information. Anytime somebody has cultivated specific parameters and rules for creating successful trades, that information, being passed on to other investors, helps keep everybody from duplicating efforts. The main purpose for this forum is to be able to share what works successfully, allowing investors to keep tweaking each others formulas until everybody gets a trading program that is well researched. If you would like to add your information to permanent pages on the site, please email us at the sales desk. Will be more than glad to put any information on the site that enhances each others trading results.

Saw your message on oanda and followed the link. I also trade forex using candlesticks although I haven't been trading much lately because a summer job is taking all my time. I only get to trade when it rains. This winter I will get back to full-time trading.

My methods are very similar to your above post except that I use the 15-min chart as my main chart and a stocastic for confirmation. I will explain more later.

I place stops at 10 pips below the 3 candle pivot for a long and 10 pips above for a short as long as that doesn't exceed 2% of my NAV, if it does I either don't make the trade or decrease the lot size.

9/24/04 Trades
4:01AM EDT short chf @1.2598, out at 6:01 @1.2580 +19
this trade could have got a little more but I had a trailing stop set a little too tight and it got hit by 1 pip.

9:52AM EDT long chf @1.2581, out at 10:30 @1.2593 +12
this rtade actually went alot further but I closed it because I had to leave.

I'm looking forward to some good candlestick discussions and methods here....

From the info I have read regarding using candlesticks in the forex market some patterns allow for "poetic license" such as morning and evening star type formations with no gaps rather than the textbook definitions of these patterns.

So in other words, take a textbook drawing of a morning or evening star and redraw it without the gaps and you have a forex morning or evening star.